NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹53.29
-0.02%
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
NAV as on 30 Apr 24, 12:00 AM
very high risk
sector financial services
equity
30.23%p.a.
Last 1Y
17.07%p.a.
Last 3Y
12.91%p.a.
Last 5Y
16.95%p.a.
Since Inception
About Aditya Birla Sun Life Banking & Financial Services Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Aditya Birla Sun Life Banking & Financial Services Growth scheme from Aditya Birla Sun Life AMC Ltd. It is a Sector - Financial Services mutual fund scheme that predominantly invests in Sector - Financial Services stocks of companies. Launched on Dec 2013, Aditya Birla Sun Life Banking & Financial Services Growth is Sector - Financial Services fund of its category with 2,989.64 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category Sector - Financial Services funds.
- Aditya Birla Sun Life Banking & Financial Services Growth delivered 30.2% annual returns during the last year. It has delivered 16.9% average annual returns since the fund was launched.
- Aditya Birla Sun Life Banking & Financial Services Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in equity
Fund Objective
The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.
Top 10 Holdings
ICICI Bank Ltd
18.26%
HDFC Bank Ltd
16.65%
Bajaj Finance Ltd
6.15%
Axis Bank Ltd
5.95%
State Bank of India
5.92%
Poonawalla Fincorp Ltd
3.77%
Shriram Finance Ltd
3.62%
Bank of India
2.87%
Repco Home Finance Ltd
2.81%
The Federal Bank Ltd
2.77%
Fund Managers
- Dhaval Gala (Aug 2015 - Present)
- Dhaval Joshi (Nov 2022 - Present)
Key Information
View Scheme Document
Aditya Birla Sun Life Banking & Financial Services Growth SIP Calculator
If invested
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For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Aditya Birla Sun Life Banking & Financial Services Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Aditya Birla Sun Life Banking & Financial Services Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Aditya Birla Sun Life Banking & Financial Services Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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15.8%
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22.4%
SBI Banking & Financial Services Growth
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Frequently Asked Questions
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